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India tells Vodafone to pay taxes or face possible asset seizure

Wed, Feb 17, 2016 - 5:50 AM

INDIA said it may seize Vodafone Group Plc's assets in the country if the company doesn't pay a disputed 142 billion rupee (S$2.9 billion) tax bill that's still undergoing international arbitration proceedings, according to a copy of the notice that was sent to the company this month.

PHOTO: REUTERS

Mumbai

INDIA said it may seize Vodafone Group Plc's assets in the country if the company doesn't pay a disputed 142 billion rupee (S$2.9 billion) tax bill that's still undergoing international arbitration proceedings, according to a copy of the notice that was sent to the company this...